3i Group (LON:III) Trading Down 15.2% – Should You Sell?

3i Group (LON:III)’s stock price was down 15.2% on Thursday . The company traded as low as GBX 3,376 and last traded at GBX 3,449. Approximately 49,058,203 shares changed hands during mid-day trading, an increase of 788% from the average daily volume of 5,525,447 shares. The stock had previously closed at GBX 4,069.

Analyst Ratings Changes

III has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a report on Thursday, September 25th. UBS Group reaffirmed a “buy” rating and set a GBX 4,700 target price on shares of 3i Group in a report on Friday, November 7th. Citigroup increased their price target on shares of 3i Group from GBX 5,000 to GBX 5,150 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, 3i Group presently has an average rating of “Buy” and a consensus price target of GBX 4,816.67.

3i Group Price Performance

The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09. The firm’s 50-day moving average is GBX 4,167.48 and its two-hundred day moving average is GBX 4,140.55. The company has a market cap of £34.29 billion, a P/E ratio of 6.68, a PEG ratio of -0.35 and a beta of 1.01.

3i Group Company Profile

3i is an investment company specialising in Private Equity and Infrastructure. We invest in mid-market companies headquartered in Europe and North America.

We generate attractive returns for our shareholders and co-investors by investing in private equity and infrastructure assets.

As proprietary capital investors we have a long-term, responsible approach.

We aim to compound value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investment companies.